Blogotariat

Oz Blog News Commentary
Your Democracy Friday, March 8, 2024 - 05:48 Source

The modern world is “unfair,” but social disparities and global inequalities can be addressed by establishing a multipolar world, Russian President Vladimir Putin said on Wednesday.

Speaking at the closing ceremony of the World Youth Festival (WYF) in Sochi, Putin said: “There are no equal conditions in the world for everyone. This is the main injustice of the current world order.”

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Your Democracy Friday, March 8, 2024 - 04:46 Source

NATO’s ongoing ‘Steadfast Defender 2024’ maneuvers are heightening tensions globally by enacting a military confrontation with Moscow, the secretary of the Security Council of Russia has said. Nikolay Patrushev also cited the alliance’s growing military spending as an indication of its “increasingly aggressive nature.”

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MacroBusiness Friday, March 8, 2024 - 00:05 Source

Recall that the Reserve Bank of Australia’s (RBA) February Statement of Monetary Policy (SoMP) projected that Australia’s unemployment rate would end 2024 at 4.3% and only peak at 4.4% next year: Shortly after these forecasts were released, the Australian Bureau of Statistics (ABS) released the January labour force survey, which revealed that Australia’s unemployment rate

The post Australian unemployment about to rocket appeared first on MacroBusiness.

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Your Democracy Thursday, March 7, 2024 - 19:23 Source

The United States was unable to manage the responsibility of being the world’s only superpower after the Cold War ended, Russian President Vladimir Putin said at the World Youth Festival (WYF) on Wednesday.

The WYF runs in Sochi from March 1-7, hosting some 20,000 young people from Russia and abroad for sporting and cultural events, competitions and panel discussions.

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MacroBusiness Thursday, March 7, 2024 - 16:30 Source

Asian share markets are putting in mixed sessions today despite the strong response overnight on Wall Street with the USD falling amid lower bond yields. Hawkish comments from the BOJ haven’t helped steady nerves in Japan with Yen soaring higher while the Australian dollar is also on a tear, having recovered the post GDP print

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, March 7, 2024 - 16:26 Source

The Construction Forestry Maritime Employees Union (CFMEU) has called for the federal government to expand build-to-rent-to-buy schemes. The Greens’ housing policy, released yesterday, calls for the government to build 360,000 homes over five years that would be available to rent and buy at discounted rates. CFMEU National Secretary Zach Smith said the Federal Labor Government…

The post CFMEU backs build-rent-buy scheme expansion as part of housing fix appeared first on The AIM Network.

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Cheeseburger Gothic Thursday, March 7, 2024 - 15:29 Source

One of my fave newsletters, Jonathon V Last’s The Triad, pointed me at this very unexpected piece of neo-gonzo reportage at Road and Track magazine’s website. They commissioned an honest-to-goddamn commie, Kate Wagner, to give them her honest-to-goddamned take on an F1 meet. Unsurprisingly, it didn’t last long. Just a few hours after publication it was gone. A pity. I’d pay to read it, just because of the way it makes your head go boing. It reminds me of Hunter S. Thompson’s Kentucky Derby piece in that way.

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Renew Economy Thursday, March 7, 2024 - 14:44 Source
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Your Democracy Thursday, March 7, 2024 - 14:23 Source

Media Freakout About GOP Hating America and Whether This is the "Last Election," w/ Vivek Ramaswamy

https://www.youtube.com/watch?v=tlKnZ5q4siM

 

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MacroBusiness Thursday, March 7, 2024 - 14:00 Source

But is it true? A former Andrews government minister has told state parliament he suspects ex-federal Labor MP Anthony Byrne is the politician ASIO ­revealed as betraying Australia to a foreign power. Upper House MP Adem Somyurek used parliamentary privilege on Wednesday to call on the nation’s intelligence agency to investigate the former Labor MP

The post China spy named. Socceroos turned Beijing pawns appeared first on MacroBusiness.

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Renew Economy Thursday, March 7, 2024 - 13:59 Source
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Renew Economy Thursday, March 7, 2024 - 13:56 Source
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MacroBusiness Thursday, March 7, 2024 - 13:30 Source

I am a gold trader from way back. It is the macro metal, so I always found it relatively easy to time the market, but I no longer trust it. The reason is BTC. Since there is now an ersatz, digital gold, the real thing is exposed to different money flows. There is a loose

The post Goodbye gold appeared first on MacroBusiness.

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Renew Economy Thursday, March 7, 2024 - 13:09 Source
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MacroBusiness Thursday, March 7, 2024 - 13:00 Source

The New Daily reports that the Coalition may relaunch its policy of allowing Aussies raid their superannuation nest eggs to purchase a home if elected. This comes after the policy’s biggest advocate, Andrew Bragg, was promoted to shadow assistant minister for housing on Tuesday. Bragg has repeatedly called for Aussies to be allowed to access

The post Coalition pours superannuation fuel on housing bonfire appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, March 7, 2024 - 12:50 Source

ActionAid Media Release With one-quarter of Gaza’s population being one step away from famine and more than a dozen children dying from malnutrition in the north of the enclave, ActionAid is warning that an already extremely strained humanitarian system will face total collapse amidst the apparent looming offensive of Rafah. A senior UN aid official…

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Renew Economy Thursday, March 7, 2024 - 12:43 Source
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Renew Economy Thursday, March 7, 2024 - 12:34 Source
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MacroBusiness Thursday, March 7, 2024 - 12:30 Source

Over the last three years, Australia has experienced the biggest boom in mortgage refinances in its history. Monthly mortgage refinances peaked in mid-2023 at $21.5 billion, up from roughly $10 billion in mid-2020, according to the Australian Bureau of Statistics. However, the mortgage refinancing boom has well and truly ended, with total refinance activity declining

The post Mortgage refinancing boom turns bust appeared first on MacroBusiness.

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Renew Economy Thursday, March 7, 2024 - 12:20 Source
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MacroBusiness Thursday, March 7, 2024 - 12:05 Source

Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen welcomes economist Leith Van Onselen, for a detailed dig into Australian GDP, what it is saying about economic conditions and what to expect for 2024. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen

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The Australian Independent Media Network Thursday, March 7, 2024 - 12:03 Source

Royal Australian College of GPs Media Release   The Royal Australian College of GPs (RACGP) is calling on government to boost the National Disability Insurance Scheme in the bush. It comes following the College’s submission to the inquiry into NDIS participant experience in rural, regional, and remote Australia. RACGP President Dr Nicole Higgins said that no…

The post “No one should miss out”: RACGP calls for urgent rural NDIS boost appeared first on The AIM Network.

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MacroBusiness Thursday, March 7, 2024 - 12:00 Source

So says Goldman. Unresolved gluts. Despite the significant downside in battery metals prices, with nickel, lithium and cobalt prices down 60%, 80% and 65% from cycle peak, respectively, we believe it is too early to call a decisive end to these respective bear markets. Margin pressures have generated a meaningful degree of supply rationing effects

The post Green metals bust to deepen appeared first on MacroBusiness.

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MacroBusiness Thursday, March 7, 2024 - 12:00 Source

Tax effectiveness of international shares International shares have a poor reputation for tax effectiveness. That doesn’t match the reality. Yes, international share dividends are not as good as franked dividends. But they are much better than unfranked dividends or interest from a tax perspective. The table below assumes: The same investment returns In Australia you

The post International shares and tax appeared first on MacroBusiness.

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MacroBusiness Thursday, March 7, 2024 - 11:30 Source

CBA economists Stephen Wu and Harry Ottley published a terrific chart pack on Wednesday’s Q4 national accounts, which showed that the household sector remains under pressure. First, the overall view shows that the economy is experiencing a per capita recession, with GDP growth falling when adjusted for Australia’s strong (2.6%) population growth: The overall economy

The post Aussies cut back hard on spending appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, March 7, 2024 - 11:01 Source

The spectacle, if it did not say it all, said much of it. Planes dropping humanitarian aid to a starving, famine-threatened populace of Gaza (the United Nations warns that 576,000 are “one step from famine”), with parachuted packages veering off course, some falling into the sea. Cargo also coming into Israel, with bullets, weaponry and…

The post Aiding Those We Kill: US Humanitarianism in Gaza appeared first on The AIM Network.

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MacroBusiness Thursday, March 7, 2024 - 11:00 Source

The Albanese government is likely to expand the nation’s anti-money laundering and counter-terrorism financing regime to require real estate agents, accountants and lawyers to report suspicious cash transactions. The AFR reports that Attorney-General Mark Dreyfus is consulting on changes that will finally bring real estate gatekeepers into the anti-money laundering (AML) regulatory net. “As the

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Prosper Australia Thursday, March 7, 2024 - 10:46 Source

The Great Housing Hijack is the latest book by Dr Cameron Murray. Here at Prosper Australia we have been following Cameron’s work for quite some time. Some of our supporters will remember his entertaining Henry George Commemorative Address in 2018. The Great Housing Hijack is a compelling read and explains the history of land prices […]

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MacroBusiness Thursday, March 7, 2024 - 10:30 Source

Westpac’s Home Ownership Report shows an increase in the share of Australians aspiring to own a home. The survey found 44% of Australians plan to buy a new home in the next five years, up 9 percentage points since July 2023. Damien MacRae, Westpac’s managing director of mortgages, said that while some purchasers have paused

The post The Australian Dream crashes into affordability brick wall appeared first on MacroBusiness.

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MacroBusiness Thursday, March 7, 2024 - 10:00 Source

A fortnight ago, The Greens’ housing spokesman, Max Chandler-Mather, told ABC Insiders host David Speers that the party supports higher levels of immigration, noting “more people coming to this country is a good thing”. “We just don’t think that migration is a major cause of the housing crisis,”  Chandler Mather claimed. “We’d like to see

The post The Greens claim immigration cut is “race to the bottom” appeared first on MacroBusiness.

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